Compare IBM Cognos TM1 and PlanGuru - Jul 2022

Shlomi Lavi

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Bottom Line: Which is Better - IBM Cognos TM1 or PlanGuru?

IBM Cognos TM1 is more expensive to implement (TCO) than PlanGuru, and PlanGuru is rated higher (87/100) than IBM Cognos TM1 (82/100). PlanGuru offers users more features (15) than IBM Cognos TM1 (5). There is a clear winner in this case and it is PlanGuru!

Looking for the right Business Intelligence solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

IBM Vs. PlanGuru

IBM: International Business Machines Corporation, or IBM, is an American corporation. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

PlanGuru: PlanGuru is budgeting and forecasting software designed to help businesses and nonprofits make better decisions. Whether it’s a high level forecast for the bank or a detailed multi-departmental operating budget, PlanGuru can enable you (or your team) to produce a more accurate analysis in less time.

Who is more expensive? IBM Cognos TM1 or PlanGuru?

The real total cost of ownership (TCO) of Business Intelligence software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for IBM Cognos TM1 and PlanGuru.

IBM Cognos TM1 price starts at $5 per user/month , On a scale between 1 to 10 IBM Cognos TM1 is rated 8, which is higher than the average cost of Business Intelligence software. PlanGuru price starts at $99 per month , When comparing PlanGuru to its competitors, the software is rated 2 - much lower than the average Business Intelligence software cost.

Bottom line: IBM Cognos TM1 is more expensive than PlanGuru.

Which software includes more/better features?

We've compared IBM Cognos TM1 Vs. PlanGuru based on some of the most important and required Business Intelligence features.

IBM Cognos TM1: Budgeting & Forecasting, Financial reporting, Forecasting, Income Statements, Profit / Loss Statement.

PlanGuru: Accounts Payable, Accounts Receivable, Balance Sheet, Budgeting & Forecasting, Cash Flow.

Target customer size

Customers of the software include businesses of all sizes including various Fortune 500 companies. PlanGuru was first developed with financial professionals in mind and was oriented towards CPAs, CFOs and other types of financial advisors.